A Rodeo Drive property that is leased to Tom Ford, Moncler and Balenciaga stores has sold for over $400 million, sources with knowledge of the deal told The Real Deal. The transaction, which amounts to $14,228 per square foot, is believed to be a one-property record on the iconic street and the second-highest sale ever in Beverly Hills. The seller was Ronan McNamee’s ECA Capital Limited, which purchased the 28,000-square-foot property at 338 North Rodeo Drive in 2007 for $81.5 million, less than $2,900 per square foot, according to property records. The identity of the buyer wasn’t immediately known. Sitting […]
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